Just The News:
A top Wall Street analyst has downgraded the price of BlackRock stocks over his concerns about potential earnings losses for the investment management firm over its adherence to environmental, social and governance principles known as ESG.
Analyst Brennan Hawken, who works for private banking firm UBS and has been ranked as a top financial analyst, changed his rating for BlackRock stock from “Buy” to “Neutral” and cut his target for the company’s stock price from $700 to $585, according to a report last week from Barron’s.
Hawken said he downgraded BlackRock stock to “Neutral based on environmental pressure to earnings and risk from the firm’s ESG positioning,” the Daily Wire reported. more here
That’s a good start, but it’s going take MUCH more pain before “woke” oligarchs change their goals.
I put “woke” in quotes because these people are no more woke than I am the new King of England. Being “woke” is nothing more than a means to an end – namely, POWER.
They ave been pushing E.S.G. investing which is really a shitshow. I hope it fucks em in the ass!
Truth is still the best disinfectant.
BlackRock CEO Larry Fink has previously argued that companies should publicize its stance on social issues and focus on more than making money for investors.
Go woke go broke Larry, people invest in stocks to make money!
Too bad for Kamala Harris. She mistakenly thought the stock was BlackCock, and went all-in.